Introduction to New Japanese Stocks - Articles - Dukascopy Bank

Tue, 17 Nov 2020 17:09:25 GMT
Source: Dukascopy Bank SA
 
Dukascopy Bank SA remained true to the September announcement to release JForex4 in small, but important steps.

After the recent launch of Hong Kong stock-CFDs, Dukascopy is expanding the choice of Asian-Pacific titles even further. A set of Japanese CFD equities have just been added. Clients of Dukascopy are invited to experience 56 new trading instruments including companies such as Sony, Toyota and Canon. This brings the total number of instruments available for trading to 727.

In light of the bank's announcement, Dukascopy Analytics have conducted short analysis of five of the 56 added trading instruments.

SoftBank Group Corporation

SoftBank Group Corporation is the Japanese multinational holding company, which engages in the management of many technology, energy and financial companies. Moreover, the company runs Vision Fund, the largest technology-focused venture capital fund in the world.

The company provides mobile communication, broadline and telecom services. It also operates in e-commerce, technology services, finance and marketing as well as other areas.

Since the beginning of September, SoftBank stocks have been moving within a rising wedge pattern. Thus, it is likely that some upside potential could continue to prevail in the market.

Nintendo Co., Ltd.

Nintendo Co., Ltd. is the Japanese multinational video game and electronics company. Nintendo has produced various video game consoles, such as Wii and Nintendo Switch. There are different successful franchises released by the company, including Mario, Animal Crossing, Pokemon, etc.

Nintendo is one of the most valuable companies in the Japanese market.

As apparent on the chart, Nintendo stocks have been depreciating since the end of October after bouncing off the 61,204.00 mark. Given that the stocks are below the 55-, 100- and 200-period moving averages, some downside potential could prevail in the nearest future.

Toyota Motor Corporation

According to the official LinkedIn page, "Toyota Motor Corporation is a global automotive industry leader manufacturing vehicles in 27 countries or regions and marketing the company's products in over 170 countries and regions."

The Company is the largest automobile manufacturer in Japan and the second-largest in the world.

The company's stocks have been extending gains within a rising wedge pattern since the beginning of June. Theoretically, some upside potential could prevail in the market within the given pattern.

Sony Corporation

Sony Corporation is the Japanese multinational corporation and one of biggest manufacturers of electronic products in the world. Furthermore, the company is performing in video game industry (PlayStation) and entertainment industry. It also provides financial services, such as insurance and banking.

The company's shares have been showing growth since March 2020. However, note that currently the shares are trading far above the 55-, 100- and 200-period moving averages. Thus, some retracement downwards could occur in the nearest future.

Nippon Steel Corporation

Nippon Steel Corporation is one of the world's largest steel producers based in Japan. The corporation was formed in 2012 by the merger of Nippon Steel and Sumitomo Metal. The company is involved in steelmaking and steel fabrication and engineering. Moreover, Nippon Steel focuses on chemicals, new materials manufacturing and system solution.

As apparent on the chart, Nippon Steel's stocks are trading near the 2,500.00 mark. It is likely that the stocks could gain support from the 55-, 100- and 200-period moving averages and trade upwards in the short term.


Back to feed
To learn more about Dukascopy Bank CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.
To learn more about Dukascopy Bank Binary Options / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Dukascopy Bank CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Crypto Trading / CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Business Introducer and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.